Predictions are rule-based forecasts based on price momentum, rent data, vacancy trends, and population growth. Not investment advice.
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🏘️ Rent Breakdown — HUD Fair Market Rents
HUD Fair Market Rent represents the 40th percentile of gross rents paid by recent movers in Richmond. Used as a benchmark for Section 8 voucher limits and rental market analysis.
Bedroom Count
Monthly Rent (HUD FMR)
Annual Rental Income
Est. Cap Rate at Median Price
1 Bedroom
$1,350/mo
$16,200/yr
3.3% est.
2 Bedrooms
$1,650/mo
$19,800/yr
4.1% est.
3 Bedrooms
$2,050/mo
$24,600/yr
5.1% est.
* Estimated cap rate uses the 70% rule (30% reserved for expenses). Actual cap rates vary by property and management style.
💰 Cost of Investing in Richmond
Cost Item
Rate / Amount
Est. Annual Cost
Monthly Cost
Property Tax
N/A effective rate
N/A
N/A
Homeowners Insurance
Virginia avg premium
$1,500
$125/mo
These figures reflect state-level averages. Property tax rates vary by county; insurance costs vary by property type, age, and claims history. Source: Tax Foundation (2025), NAIC (2024).
⚖️ How Richmond Compares to National Averages
Avg Cap Rate
5.0%
National avg: 5.5%
Below average
Median Home Price
$340,000
National avg: $371,696
✓ More affordable
Vacancy Rate
7.5%
National avg: 7.6%
✓ Low vacancy
2BR Median Rent
$1,650/mo
National avg: $1,753/mo
Days on Market
27 days
National avg: 38 days
Price Growth YoY
+3.5%
National avg: +2.3%
National averages calculated across all 69 tracked US investor markets.
A cap rate above the national average suggests stronger cash flow potential relative to purchase price.